First Watch's private equity owners are selling 8 million shares at $19.95 each, not benefiting the company.
First Watch Restaurant Group is offering 8 million shares of its common stock through Goldman Sachs, with the funds managed by Advent International receiving all proceeds. First Watch will not receive any proceeds from the sale. The offering is priced at $19.95 per share, expected to close on November 13, 2024, and is available through a prospectus supplement and related documents.
November 12, 2024
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